Hyney v. Nielsen

*892Wenzel and Schmidt, JJ., concur; Nolan, P. J., and Beldock, J., concur, with the following memorandum: We are of the opinion that the agreement between respondent and the decedent does not indicate any intention to impress decedent’s stock exchange seat with a lien to secure decedent’s indebtedness to respondent. The language employed in the agreement, as well as the fact that, to the knowledge of the parties, decedent’s continued ownership and use of his membership in the exchange could subject the proceeds of a sale of his seat to the payment of claims of others, in priority to respondent’s…